Illinois Tool Works Inc. (ITW)
NYSE: ITW · Real-Time Price · USD
284.90
+1.88 (0.66%)
Jul 27, 2026, 2:36 PM EDT - Market open
Illinois Tool Works Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 16,221 | 16,044 | 15,898 | 16,107 | 15,932 | 14,455 | |
Revenue Growth | 2.90% | 0.92% | -1.30% | 1.10% | 10.22% | 14.96% |
Cost of Revenue | 9,064 | 8,969 | 8,858 | 9,316 | 9,429 | 8,489 |
Gross Profit | 7,157 | 7,075 | 7,040 | 6,791 | 6,503 | 5,966 |
Selling, General & Admin | 2,795 | 2,779 | 2,675 | 2,638 | 2,579 | 2,356 |
Depreciation & Amortization Expenses | 77 | 80 | 101 | 113 | 134 | 133 |
Total Operating Expenses | 2,872 | 2,859 | 2,776 | 2,751 | 2,713 | 2,489 |
Operating Income | 4,285 | 4,216 | 4,264 | 4,040 | 3,790 | 3,477 |
Interest Expense | -297 | -292 | -283 | -266 | -203 | -202 |
Other Non-Operating Income (Expense) | 50 | 42 | 441 | 49 | 255 | 51 |
Total Non-Operating Income (Expense) | -247 | -250 | 158 | -217 | 52 | -151 |
Pretax Income | 4,038 | 3,966 | 4,422 | 3,823 | 3,842 | 3,326 |
Provision for Income Taxes | 904 | 900 | 934 | 866 | 808 | 632 |
Net Income | 3,134 | 3,066 | 3,488 | 2,957 | 3,034 | 2,694 |
Net Income to Common | 3,134 | 3,066 | 3,488 | 2,957 | 3,034 | 2,694 |
Net Income Growth | -6.98% | -12.10% | 17.96% | -2.54% | 12.62% | 27.74% |
Shares Outstanding (Basic) | 290 | 292 | 297 | 303 | 310 | 315 |
Shares Outstanding (Diluted) | 291 | 292 | 298 | 304 | 311 | 316 |
Shares Change | -1.85% | -1.85% | -1.91% | -2.28% | -1.80% | -0.60% |
EPS (Basic) | 10.79 | 10.52 | 11.75 | 9.77 | 9.80 | 8.55 |
EPS (Diluted) | 10.77 | 10.49 | 11.71 | 9.74 | 9.77 | 8.51 |
EPS Growth | -5.28% | -10.42% | 20.23% | -0.31% | 14.81% | 28.36% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,739 | 2,707 | 2,844 | 3,084 | 1,936 | 2,261 |
Free Cash Flow Growth | -3.76% | -4.82% | -7.78% | 59.30% | -14.37% | -12.06% |
Free Cash Flow Per Share | 9.41 | 9.26 | 9.55 | 10.16 | 6.23 | 7.15 |
Dividends Per Share | 6.330 | 6.220 | 5.800 | 5.420 | 5.060 | 4.720 |
Dividend Growth | 7.29% | 7.24% | 7.01% | 7.12% | 7.20% | 6.79% |
Gross Margin | 44.12% | 44.10% | 44.28% | 42.16% | 40.82% | 41.27% |
Operating Margin | 26.42% | 26.28% | 26.82% | 25.08% | 23.79% | 24.05% |
Profit Margin | 19.32% | 19.11% | 21.94% | 18.36% | 19.04% | 18.64% |
FCF Margin | 16.89% | 16.87% | 17.89% | 19.15% | 12.15% | 15.64% |
EBITDA | 4,686 | 4,613 | 4,666 | 4,435 | 4,200 | 3,887 |
EBITDA Margin | 28.89% | 28.75% | 29.35% | 27.53% | 26.36% | 26.89% |
EBIT | 4,285 | 4,216 | 4,264 | 4,040 | 3,790 | 3,477 |
EBIT Margin | 26.42% | 26.28% | 26.82% | 25.08% | 23.79% | 24.05% |
Effective Tax Rate | 22.39% | 22.69% | 21.12% | 22.65% | 21.03% | 19.00% |